Baltic Dry Index....COLLAPSING

It's Chinese New Year...

we need to just listen to the idiots that posted at the beginning of this thread.

nothing new here...means nothing.

except now..it is evident that trade is tanking. ...

economies of the world are now entering the 'GREATEST DEPRESSION"


the only reason that the u.s. isn't in chaos is because things are different since the last great depression...


THE GOVT IS GIVING AWAY TRILLIONS IN SUBSIDIES, FOOD STAMPS, HOUSING, 3YRS OF UNEMPLOYMENT BENEFITS, GOVT PROGRAMS, PROPPING UP THE MARKETS WITH CASH, ...ALL ON BORROWED FAKE MONEY!!!!!


this bubble is about to burst. even soros says we are going to martial law!.

the german chancellor said greece default is unavoidable!

italy is way beyond bailout...

the cat is tearing up the bag...and it's about to burst

do some research or STFU, thanks.
1) Yes, it is Chinese New Year and the index is always having a dip around this time of the year.
But this time it has plunged 50% lower than average and is still on a very steep decline. The bubble has popped in China.
Read this [link to www.chinalawblog.com] for example.

2) Yes, there is overcapacity of ships but it only grows at 1-2% per month. No way does this explain a 50% in just one month.

The end game has started, buckle up.

The Baltic Dry Index - A Harbinger of Bad Things To Come:
[link to www.oyetimes.com]

that is nan 'intelligent' person here. I herald your brain power and clarity of thought, moron.

let's do multiple posts per day then. ;-)

China’s very mysterious data:
[link to blogs.telegraph.co.uk]

zerohedge
Baltic Dry drops to 702, down 3.3%, all time low approaching

há 25 minutos [link to twitter.com]

Specially for Anonymous Coward 2327656, the daily update... ;-)

Baltic Dry Index (BDI) -24 702
I don't remember the last up day...

So two more days of 20+ drops to get to the low?

When would shippers start declaring bankrupcy

Only 43 more to go. Will break it Wednesday or Thursday at the rate we are going.

Actually I thought that once it dropped below 900 shippers would park their ships because they were in the red, so we are already there.

ship fleet is 1/2 the size of 2007 so this drop is bigger


666 was the low


and yet MSM is crowing recovery here in US

I don't know if this chart will work or not, but here it is:

[link to stockcharts.com]

woe!!!

IT'S STILL GOING DOOOOOOOOOOWWWWWWWWWNNNNNNNNNNN!!!!!!!!

HOLY SHITE!

still not one blip of change...

how about it now 'pay no attention' tards?

you said that it wouldn't matter till it dropped past 900...

it's in the low 700's and still falling! ...hahahahaha

Baltic Dry Index (BDI) -22 @ 680

Tomorrow new low? Carnage ahead!

WOO HOO -680

KNOCK, KNOCK WHO IS IT, DOOOOOOOM

OK, well it's 702.00 now fag.

He's probably sleeping himself. When he wakes up the BDI will be at like 500. He'll jump off the cliff in horror.

It will be interesting to see if and when it stops. Inventories are bloated right now, there is a glut of cargo ship, there is nothing really to slow its fall right now.

The only thing slowing its fall is that its dropping 3-4% daily and since it's down so far 3-4% of the remainder is less and less.

However -3% of 680 should break the low tomorrow.

The BDI has no value anymore since most world shipping is done on non Baltic ships.

People no longer seem to understand. The simple fact is that Europe is not a major shipping zone. China and Brazil and other regions of the world are major shipping areas.

Oh, ok, as long as I don't know what the BDI is.


oh wait.

First line on wikipedia.

Baltic Dry Index
From Wikipedia, the free encyclopedia

The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes.

Welp.

Along with this, there was a thread yesterday (which I can't find) that showed a Chinese ports full of cargo ships just docked empty, either because there was no cargo, or the shipping lines shut them down because they would lose money carrying cargo.

Also, I find it almost humerous that with a large spike in BDI, economists will claim that is a sign of economic improvement, but when it plummets, it means nothing. So while BDI may not a be the perfect overall indicator, it is A valuable indicator.

[link to blogs.wsj.com]

The Baltic Dry Meltdown Continues

The Baltic Dry index, which measures the cost of shipping dry goods around the world, has been in utter free fall for about a month and a half. It has dropped during 27 straight trading days as of Friday’s close.

Yes, count them: 27 sessions date all the way back to Dec. 12. The index has dropped 62% to 726 throughout the process, dipping back toward financial-crisis levels.

[link to www.moneyweek.com]

The most bearish chart in the world today

On the flipside, a drop in the BDI could suggest that worldwide demand for shipping space – and therefore, for raw materials – is falling. That in turn indicates that the global economy must be about to slow down.

But 2012 has already seen something much worse than a mere slip. The BDI has collapsed in just a month, as the chart below shows.

. . . .

Some of the world’s biggest ships are known as Capesize vessels. They are so called because they’re too big for the Suez Canal and have to travel around the Cape of Good Hope or Cape Horn.

Shipping rates for these vessels have plunged by an incredible 75% so far this year.

zerohedge
Baltic Dry drops to 662, lowest in decade

há 24 segundos [link to twitter.com]

The BDI crashed through its 2008 low today. It's now at 662.
OMFG the horror! This is it. Man the live boats!

Seriously, this is serious. I'm gonna do some research on how the shippers are doing. It probably looks really bad.
The (c(r)ooked) Chinese PMI looked OK in January. It should be down next month. China is landing hard. They can't hide that much longer.

WHATTA????